X Architects has unveiled Zayed Waterfront, a conceptual 2.3 million-sq-m masterplan proposed for Mina Zayed that reimagines the historic Abu Dhabi port as a new waterfront gateway with three connected districts, thus forming a new urban sequence between downtown Abu Dhabi, Corniche and Saadiyat Island.
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US President Donald Trump has proposed a $10 billion fund to rebuild war-damaged energy infrastructure and develop oil and gas export routes that bypass the Strait of Hormuz, with $5 billion in US funding and a matching $5 billion contribution from Gulf and other regional partners.
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US President Donald Trump threatened to “annihilate” Iran if Tehran fails to reach a deal with Washington, while at the same time signalling that a diplomatic settlement could be within reach after US and Iranian representatives held lengthy talks on the sidelines of the United Nations General Assembly.
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The global economy is stabilising, but the fiscal support that cushioned successive shocks since 2020 is unlikely to play the same role in the year ahead, according to the World Economic Forum's Chief Economists' Outlook, published on Tuesday.
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Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
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Oil prices climbed again to stay above the psychologically important $100-a-barrel mark on Tuesday as renewed concerns over Gulf security offset signs of improving Saudi crude flows through the Strait of Hormuz.
Petroleum Development Oman (PDO) has awarded a three-year integrated drilling services contract to Weatherford covering the drilling of 274 wells in the Marmul and Greater Saqar areas of Oman. The contract forms part of PDO’s plans to increase oil production, improve drilling efficiency and optimize the development of small fields through a unified development model.
Elsewedy Electric, a leading integrated provider of energy and infrastructure solutions across Europe, the Middle East, and Africa, has announced the acquisition of a 60% majority stake in UAE-based Thomassen Service, a specialised provider of gas turbine maintenance and repair services.
The ongoing conflict in Iran has proven to be the biggest test for Qatar Airways in its more than 30 years in operation, while the airline has taken measures to adapt to the crisis, Chief Executive Officer Hamad Al-Khater said.
Qatar is expected to award about $38.5 billion in new infrastructure projects over the next five years, including public-private partnerships, with the country setting up a dedicated platform to manage and grow its wealth fund’s domestic portfolio worth hundreds of billions of dollars.
Qatar expects its massive LNG expansion to begin producing in the first half of 2027, but has decided against building pipelines to bypass the Strait of Hormuz. The first production train at North Field East (NFE), the initial phase of Qatar’s LNG expansion, is expected to come online in the first half of 2027, Energy Minister and QatarEnergy CEO Saad Sherida Al-Kaabi said at the Qatar Economic Forum.
Oil prices fell more than 2% on Monday to their lowest levels in more than a week as hopes for renewed US-Iran diplomacy reduced some of the geopolitical risk premium, while President Donald Trump signalled he could meet Iranian President Masoud Pezeshkian but warned Tehran that much bigger action could follow if it did not change course.
Saudi developer Roshn has joined hands with Talaat Moustafa Group to set up a new venture that will be responsible for the development of a mixed-use community in Riyadh featuring more than 55,000 residential units along with key retail, hospitality, leisure and healthcare facilities.
Etihad Rail, the developer and operator of the UAE National Rail Network, and AD Ports Group, a global enabler of integrated trade, industry and logistics solutions, have partnered to launch a direct rail service connecting Fujairah Terminals with the Industrial City of Abu Dhabi (ICAD).
The GCC and North Africa have about $90 billion worth of hotel and resort projects in the pipeline, adding nearly 200,000 rooms to the region’s existing supply, with the Kingdom of Saudi Arabia accounting for around half of this (110,000 rooms), said a report released ahead of key industry event in Dubai.
South Korea plans to reduce its reliance on Middle Eastern crude oil to 50 per cent by 2035, as Seoul seeks to diversify energy supplies following regional disruptions. The government’s 10-year resource security plan calls for a major transformation of supply chains.
Turkish Airlines has announced that it has finalised an agreement with Boeing for up to 150 737 MAX aircraft, marking another significant step in its long-term growth strategy. The order comprises 100 firm Boeing 737-8 aircraft and options for an additional 50 737 MAX aircraft.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, marked the launch of its enhanced Code of Conduct at a special ceremony held in the company premises. This represents a key milestone in boosting Alba’s governance framework, mitigating emerging risks and reinforcing a culture of integrity and accountability.
Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
Saudi Binladin Group (SBG) has announced that it has achieved a major safety milestone clocking 20 million man-hours at the landmark mixed-use project -Jeddah Tower - which is on the way to become the world's tallest building with a planned height of over 1,000m.
The Global Health Exhibition (GHE) has announced global speakers joining its 2026 conference programme.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, marked the launch of its enhanced Code of Conduct at a special ceremony held in the company premises. This represents a key milestone in boosting Alba’s governance framework, mitigating emerging risks and reinforcing a culture of integrity and accountability.
MG Motor, a British-born automotive brand, said its exclusive Kuwaiti distributor Adel Alghanim Automotive has announced the unveiling of its new MG 4S facility in the country's Shuwaikh district. Spread over five floors, the 25,500-sq-m showroom is one of MG's largest facilities worldwide.
Bahrain Development Bank (BDB) has announced the establishment of an AI Committee to guide the strategic and responsible adoption of Artificial Intelligence across the bank. The move is aimed at enhancing team productivity, and boost operational efficiency.
Qualcomm Technologies, has unveiled its newest premium mobile lineup – the Snapdragon 8 Elite Extreme Gen 6 Mobile Platform and Snapdragon 8 Elite Gen 6 Mobile Platform.
More than 1,200 exhibitors from over 50 participating countries are expected to take part in Automechanika Dubai, which returns from 10–12 November 2026 for its 23rd edition.
Club Hawaii @ Bahrain Surf Park, a first-of-its-kind surf and leisure destination at Bilaj Al Jazayer development in Bahrain has achieved a major construction milestone with the completion of lagoon filling ahead of its opening this year. Once operational, the surf park will generate up to 1,000 waves per hour.
US President Donald Trump threatened to “annihilate” Iran if Tehran fails to reach a deal with Washington, while at the same time signalling that a diplomatic settlement could be within reach after US and Iranian representatives held lengthy talks on the sidelines of the United Nations General Assembly.
